Goosehead Insurance (NASDAQ:GSHD) Given New $100.00 Price Target at JPMorgan Chase & Co.

Goosehead Insurance (NASDAQ:GSHD) had its price target increased by analysts at JPMorgan Chase & Co. from $90.00 to $100.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 9.63% from the stock’s current price.

Other analysts also recently issued reports about the stock. Truist Financial reiterated a “hold” rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Keefe, Bruyette & Woods lifted their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Bank of America increased their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, February 25th. Finally, UBS Group increased their target price on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $110.10.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock traded up $5.37 on Tuesday, hitting $110.66. 25,961 shares of the company traded hands, compared to its average volume of 262,409. Goosehead Insurance has a 52 week low of $50.47 and a 52 week high of $130.39. The business has a 50-day simple moving average of $114.70 and a 200 day simple moving average of $109.74. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $4.11 billion, a P/E ratio of 153.69, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48.

Insider Buying and Selling at Goosehead Insurance

In related news, CFO Mark E. Jr. Jones acquired 1,010 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $118.02 per share, with a total value of $119,200.20. Following the transaction, the chief financial officer now directly owns 2,342 shares of the company’s stock, valued at $276,402.84. This trade represents a 75.83 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas Mcconnon sold 205,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the sale, the director now directly owns 339,008 shares in the company, valued at approximately $41,138,620.80. This represents a 37.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 308,812 shares of company stock worth $37,392,258 over the last three months. Corporate insiders own 48.35% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds have recently made changes to their positions in GSHD. Whitebark Investors LP acquired a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $55,326,000. American Century Companies Inc. increased its stake in shares of Goosehead Insurance by 51.4% during the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock worth $69,597,000 after purchasing an additional 220,267 shares in the last quarter. State Street Corp raised its position in shares of Goosehead Insurance by 21.2% during the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company’s stock worth $94,595,000 after purchasing an additional 185,037 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Goosehead Insurance by 89.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company’s stock valued at $21,870,000 after buying an additional 96,309 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Goosehead Insurance by 312.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company’s stock worth $11,754,000 after buying an additional 83,028 shares during the last quarter.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.